Exclusive: Amid investor pressure, PetSmart says to explore sale

Comments (1)
Burns0011 wrote:

Another ‘activist’ investor being a vulture, forcing a move that may not be in the best interest of the business.

None of these ‘activist’ investors really give a damn about long-term sustainability of the business. All they care about is buying stock and forcing the business to produce higher short-term returns for their own profit. None of them care if the business then collapses or loses customers or sales, because they’ve liquidated their position and made their money.

Aug 19, 2014 4:39pm EDT  --  Report as abuse
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